American Interest Expense vs Ebitda Analysis
AMS Stock | USD 3.27 0.07 2.19% |
American Shared financial indicator trend analysis is way more than just evaluating American Shared Hospital prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether American Shared Hospital is a good investment. Please check the relationship between American Shared Interest Expense and its Ebitda accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
Interest Expense vs Ebitda
Interest Expense vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of American Shared Hospital Interest Expense account and Ebitda. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between American Shared's Interest Expense and Ebitda is 0.45. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Ebitda in the same time period over historical financial statements of American Shared Hospital, assuming nothing else is changed. The correlation between historical values of American Shared's Interest Expense and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of American Shared Hospital are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Interest Expense i.e., American Shared's Interest Expense and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Ebitda
Most indicators from American Shared's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into American Shared Hospital current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in American Shared Hospital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. At this time, American Shared's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.26 in 2024, whereas Selling General Administrative is likely to drop slightly above 4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 739K | 806K | 1.1M | 1.1M | Depreciation And Amortization | 5.0M | 4.8M | 5.2M | 6.6M |
American Shared fundamental ratios Correlations
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American Shared Account Relationship Matchups
High Positive Relationship
High Negative Relationship
American Shared fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.8M | 43.7M | 45.4M | 44.0M | 48.8M | 56.0M | |
Short Long Term Debt Total | 16.9M | 14.4M | 16.1M | 14.3M | 15.7M | 24.5M | |
Other Current Liab | (284.3M) | (205.7M) | (136.3M) | 2.8M | 4.6M | 4.8M | |
Total Current Liabilities | 8.2M | 12.4M | 5.9M | 5.2M | 10.8M | 10.8M | |
Total Stockholder Equity | 31.8M | 19.3M | 24.2M | 21.6M | 22.6M | 14.6M | |
Property Plant And Equipment Net | 42.6M | 31.3M | 28.9M | 23.8M | 25.9M | 37.6M | |
Net Debt | 15.2M | 10.4M | 7.9M | 1.9M | 1.9M | 1.8M | |
Retained Earnings | 8.6M | 1.5M | 1.7M | 3.0M | 3.6M | 3.8M | |
Cash | 1.8M | 4.0M | 8.3M | 12.5M | 13.8M | 14.5M | |
Non Current Assets Total | 43.0M | 32.8M | 30.3M | 25.2M | 28.4M | 41.5M | |
Non Currrent Assets Other | (2.5B) | 137K | 73K | (821.9M) | 1.3B | 1.4B | |
Cash And Short Term Investments | 1.8M | 4.0M | 8.3M | 12.5M | 13.8M | 14.5M | |
Net Receivables | 7.1M | 4.6M | 4.8M | 4.1M | 4.8M | 4.1M | |
Common Stock Shares Outstanding | 5.9M | 6.2M | 6.1M | 6.3M | 6.4M | 4.9M | |
Liabilities And Stockholders Equity | 53.8M | 43.7M | 45.4M | 44.0M | 48.8M | 56.0M | |
Non Current Liabilities Total | 13.8M | 7.6M | 15.3M | 17.2M | 11.8M | 18.5M | |
Other Current Assets | 1.9M | 2.0M | 826K | 897K | 1.8M | 1.9M | |
Other Stockholder Equity | 12.5M | 7.0M | 11.8M | 7.8M | 8.2M | 8.6M | |
Total Liab | 22.0M | 20.0M | 21.2M | 22.3M | 22.6M | 29.3M | |
Property Plant And Equipment Gross | 41.5M | 30.4M | 74.6M | 74.6M | 81.3M | 41.9M | |
Total Current Assets | 10.7M | 10.9M | 15.1M | 18.7M | 20.5M | 10.6M | |
Short Term Debt | 6.0M | 7.4M | 1.5M | 2.1M | 4.6M | 7.6M | |
Accounts Payable | 557K | 683K | 746K | 230K | 315K | 299.3K | |
Current Deferred Revenue | 286M | 210M | 140M | 70K | 1.2M | 1.2M | |
Other Assets | 4.7M | 1.0M | 30.3M | 87K | 100.1K | 95.0K | |
Long Term Debt | 2.0M | 3.4M | 14.3M | 12.2M | 11.0M | 12.4M | |
Property Plant Equipment | 41.5M | 19K | 28.9M | 23.8M | 27.4M | 42.5M | |
Net Tangible Assets | 27.1M | 21.7M | 24.2M | 21.6M | 24.9M | 24.4M | |
Noncontrolling Interest In Consolidated Entity | 6.0M | 5.9M | 5.8M | 4.4M | 5.0M | 5.7M | |
Retained Earnings Total Equity | 6.9M | 7.9M | 8.6M | 1.5M | 1.3M | 1.3M | |
Long Term Debt Total | 10.1M | 3.4M | 14.3M | 12.2M | 11.0M | 15.4M | |
Capital Surpluse | 6.7M | 7.0M | 7.4M | 7.8M | 9.0M | 6.8M | |
Capital Lease Obligations | 8.2M | 9.8M | 728K | 351K | 57K | 54.2K |
Pair Trading with American Shared
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Shared position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Shared will appreciate offsetting losses from the drop in the long position's value.Moving together with American Stock
Moving against American Stock
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The ability to find closely correlated positions to American Shared could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Shared when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Shared - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Shared Hospital to buy it.
The correlation of American Shared is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Shared moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Shared Hospital moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Shared can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for American Stock Analysis
When running American Shared's price analysis, check to measure American Shared's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Shared is operating at the current time. Most of American Shared's value examination focuses on studying past and present price action to predict the probability of American Shared's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Shared's price. Additionally, you may evaluate how the addition of American Shared to your portfolios can decrease your overall portfolio volatility.